Daily Economy
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Meritocracy and Multiculturalism
“Will America come to an enduring settlement, not unlike our religious-political settlement, that puts race and ethnicity outside the ordinary bounds of political, educational, and employment decisions?” ~ John O. McGinnis
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Weekly Initial Claims Rose Slightly, but the Labor Market Remains Tight
“Weekly initial claims rose, but the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Biden Ignores the Fact That “Junk Fees” Aren’t Free
“The economy is suffering enough under Biden’s overregulation, Congress’ overspending, and the Fed’s overprinting; the last thing it needs is another barrier to growth and organic competition.” ~ Vance Ginn
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America the Friendless
“We must encourage the civil associations that Tocqueville celebrated in Americans of the 1830s. Cultivating the mediating ‘little platoons’ found in gatherings of religious groups, book clubs, and hunting associations all can do much good on this project.” ~ Adam M. Carrington
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John Adams On Liberty—America’s Rationale And Greatness
“At a time when we often not only forget that liberty is both America’s rationale and its greatness, but routinely violate it, Americans would profit from returning to Adams’ wisdom.” ~ Gary M. Galles
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New Mao Lauds Old Mao: China’s Xi Jinping Takes Politburo on Communist Road Trip
“The best that can be said of Xi is that he values stability, and would not intentionally plunge China into anything like the chaos in which Mao thrived.” ~ Doug Bandow
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A Foreword to Adam Smith’s The Theory of Moral Sentiments
“Admirers of The Theory of Moral Sentiments range across academic and scholarly fields and disciplines, across countries and continents, and, most remarkably, across landscapes of political ideology.” ~ Daniel B. Klein
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A Seat at the Table: The Risks of Complacent Data Privacy Governance
“Absent meaningful reforms to data privacy, the US risks standing idly by as governments around the world craft their own standards, at times inspired by doctrines antithetical to fundamental human rights values.” ~ April Liu & Ethan Yang
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A New Concern: Falling US Treasury Demand
“The path forward is unclear, as the rise in yield rates necessary to induce greater demand could also mean higher costs in lending for both private and public actors.” ~ Zachary Shuter, Zhezheng Zhang, & Peter C. Earle
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A Tale of Two Documents: How the Bitcoin White Paper Outperformed Dodd-Frank
“As policymakers look to further regulate the crypto ecosystem itself, they should keep top of mind the capacity of private innovation to not only achieve broad policy goals but also to get there before regulations do.” ~ Jack Solowey
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•
Meritocracy and Multiculturalism
“Will America come to an enduring settlement, not unlike our religious-political settlement, that puts race and ethnicity outside the ordinary bounds of political, educational, and employment decisions?” ~ John O. McGinnis
-
•
Weekly Initial Claims Rose Slightly, but the Labor Market Remains Tight
“Weekly initial claims rose, but the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Biden Ignores the Fact That “Junk Fees” Aren’t Free
“The economy is suffering enough under Biden’s overregulation, Congress’ overspending, and the Fed’s overprinting; the last thing it needs is another barrier to growth and organic competition.” ~ Vance Ginn
-
•
America the Friendless
“We must encourage the civil associations that Tocqueville celebrated in Americans of the 1830s. Cultivating the mediating ‘little platoons’ found in gatherings of religious groups, book clubs, and hunting associations all can do much good on this project.” ~ Adam M. Carrington
-
•
John Adams On Liberty—America’s Rationale And Greatness
“At a time when we often not only forget that liberty is both America’s rationale and its greatness, but routinely violate it, Americans would profit from returning to Adams’ wisdom.” ~ Gary M. Galles
-
•
New Mao Lauds Old Mao: China’s Xi Jinping Takes Politburo on Communist Road Trip
“The best that can be said of Xi is that he values stability, and would not intentionally plunge China into anything like the chaos in which Mao thrived.” ~ Doug Bandow
-
•
A Foreword to Adam Smith’s The Theory of Moral Sentiments
“Admirers of The Theory of Moral Sentiments range across academic and scholarly fields and disciplines, across countries and continents, and, most remarkably, across landscapes of political ideology.” ~ Daniel B. Klein
-
•
A Seat at the Table: The Risks of Complacent Data Privacy Governance
“Absent meaningful reforms to data privacy, the US risks standing idly by as governments around the world craft their own standards, at times inspired by doctrines antithetical to fundamental human rights values.” ~ April Liu & Ethan Yang
-
•
A New Concern: Falling US Treasury Demand
“The path forward is unclear, as the rise in yield rates necessary to induce greater demand could also mean higher costs in lending for both private and public actors.” ~ Zachary Shuter, Zhezheng Zhang, & Peter C. Earle
-
•
A Tale of Two Documents: How the Bitcoin White Paper Outperformed Dodd-Frank
“As policymakers look to further regulate the crypto ecosystem itself, they should keep top of mind the capacity of private innovation to not only achieve broad policy goals but also to get there before regulations do.” ~ Jack Solowey